Turkey to Establish Small Rerefinery
The local government of Akyazi, Turkey recently announced a public-private partnership for waste oil collection and the construction of a …
market news
Nigeria Sees Surge in Base Oils from S Korea
According to government data, South Korea’s base oil exports to Nigeria reached a new record high in March, surpassing the …
Richful Additives sees near triple profit increase
Richful Lube Additives, a major player in the Chinese lubricant market, announced impressive financial results in 2022. The company’s lubricant …
ExxonMobil expands blend plant in Indonesia
ExxonMobil, one of the world’s largest oil and gas companies, is making a significant move to expand its presence in …
U.S. Base Oil Exports Surge, Imports Stagnate
Base oil exports from the United States continued to climb in January, registering a 2% year-on-year increase, as per the …
Shell cancels Singapore projects for biofuels and base oil
Royal Dutch Shell has announced that it will not proceed with two projects in Singapore, one aimed at producing biofuels …
China’s Base Oil Market Faces Persistent Import Slump
Experts predict that base oil imports to China will remain stagnant this year, with little indication of a recovery in …
S-Oil’s profit increased in Q4, 2022
In addition to significant improvements in operating profit and revenue for the whole year, S-base Oil’s oil and lubricants division …
Production of U.S. base oil declines
According to official data provfided today, the United States produced 4.7 million barrels of base oils in November, 3% less …
